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Board approves Ampersand Inc. to manage $9 million bond proceeds; potential returns presented

Pewaukee School District Board of Education · August 13, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

After an RFP to five firms, the board approved Ampersand Inc. to manage reinvestment of approximately $9 million in construction bond proceeds; staff presented projected returns of roughly $380,000–$425,000 (variable) and described fee ranges used in selection.

The Pewaukee School District board on Aug. 14 approved a resolution naming Ampersand Inc. as the district's manager for reinvestment of the first round of construction bond proceeds.

Assistant Superintendent and CFO John Gahan said the district issued debt to fund construction needs and sought proposals to maximize earnings…

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